What does Clean Sheeting mean?

This sort of procedure involves fallacious testimony on the part of the insured when contracting a life insurance policy, but it involves the consent of the insurance agent as well. It is generally done when there exists a life threatening illness which if not brought to light, will bring certain benefits from the life insurance policy. Normally, if it is disclosed that such a terminal illness exists at the time the contract is signed, the company refuses to insure the individual for that specific illness, as that would mean loss of profit to the company.

Clean Sheeting explained

Basically, these types of insurances are being vended in a very short period of time, under the terms of viatical business. Although it will bring less profit to the policy holder who further sells it, it must be sold because sooner or later it may be subject to total cancellation if the truth about the medical condition of the policy holder comes to light. It is also a good buy for the individual who will buy it because he/she is able to contract it with a 10% rebate compared to its real market value.